Where your treasure lies...

Perfect example of the government not listening has stirred the PAP nest, triggering a spirited defence of the F1 event by the party's supporters. The common refrain that runs through their rationalisation of the grand prix is that it would put Singapore on the global map, give us international recognition and bring us tourist dollars. And, besides, Singaporeans enjoy watching the sport. Let's examine these claims. 1. The F1 attracts tourist dollars to Singapore Second Minister for MTI, Mr S Iswaran, reports that the race brings in an additional $150 million in tourist receipts (see here ). But the cost of the event is $150 million (see here ) which means that we just about break even. And that's not taking into account the hidden social and health costs such as added stress for motorists and commuters in an already overcrowded city, added pollution to a country blanketed ...